The Nigerian Stock Exchange This Week

The long awaited deadline for rendition of results finally arrived this week. However, Investors continue to trade with caution through out the four trading sessions due to the Easter Holidays declared by the Federal Government of Nigeria. The Market lost three days out of the four days trading week which also marked the end of the Month of March. Although more results were released after the closure of the Market, which the market never had opportunity to react to. Next week promise a whole new excitement. 

The All Share index inched up by 0.08% to close the week at 41,504.51. This brought the year to date return of the ASI to 8.53%.

EQUITY

The market opened for four trading sessions this week, as the Federal Government of Nigeria declared Friday 30th March 2018(Good Friday) and Monday 2nd April 2018(Easter Monday) as public holidays. Meanwhile, a total turnover of 1.541 billion shares worth N16.647 billion in 18,805 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 2.328 billion shares valued at N28.927 billion that exchanged hands last week in 25,530 deals.

ETPs

Also traded during the week were a total of 15,293 units of Exchange Traded Products (ETPs) valued at N254,840.00 executed in 16 deals, compared with a total of 4,165 units valued at N78,276.06 that was transacted last week in 15 deals.

BONDS

A total of 21,583 units of Federal Government Bonds and 1 (one) State bond valued at N22.868 million were traded this week in 16 deals, compared with a total of 5,152 units valued at N4.562 million transacted last week in 24 deals


Below is the summary of the Market performance: Week on Week and Year to Date

Forty (40) equities appreciated in price during the week, higher than thirty-three (33) of the previous week. Forty (40) equities depreciated in price, lower than forty-nine (49) equities of the previous week, while ninety-one (91) equities remained unchanged higher than eighty-nine (89) equities recorded in the preceding week

Gainers

Stock	Year to Date Return		Stock	Week on Week Return
UNITYBNK	130.19%		GLAXOSMITH	33.33%
CAVERTON	106.98%		WEMABANK	32.00%
CCNN	96.84%		CUSTODIAN	20.98%
WEMABANK	90.38%		UNITYKAP	18.18%
NPFMCRFBK	69.60%		ETERNA	8.48%
NEM	65.66%		ABCTRANS	8.33%
ETERNA	63.79%		LAWUNION	7.35%
STERLNBANK	62.04%		CAVERTON	7.23%
FCMB	60.81%		PZ	6.35%
GLAXOSMITH	57.33%		STANBIC	6.24%

Losers

Stock	Year to Date Return		Stock	Week on Week Return
UNIC	-64.00%		JAPAULOIL	-14.49%
FTNCOCOA	-60.00%		DIAMONDBNK	-13.49%
MULTIVERSE	-56.00%		CHAMPION	-11.44%
AFRINSURE	-56.00%		JAIZBANK	-10.99%
SOVRENINS	-54.00%		MBENEFIT	-10.53%
COURTVILLE	-52.00%		AIICO	-10.14%
UNITYKAP	-48.00%		CILEASING	-9.47%
REGALINS	-42.00%		WAPCO	-9.40%
ROYALEX	-38.00%		FTNCOCOA	-9.09%
HMARKINS	-34.00%		LASACO	-8.33%

We expect the Market to react to the quantum of results released on the last trading day of the Month of March when the Market opens after the long break on Tuesday 3rd April 2018. It is possibly going to be a volatile week as some of the results were short of expectation. The Market should be ready for blood. GlaxosmithKline seems to have halt after it rallied to a 33% growth this week, but at N34.00 it still provide a dividend  yield of  22.06%. This is a return not easy to come by in this Market. 

The transaction in FGN Bonds pick up again which we deduced may not be far from investors trying to guarantee some income as the equity Market enters its quiet periods. 

We hope the Q1 report would sustain the Market in the coming month.